Cash to Cashless Economy- Importance and Impact
- Country : India
- Subject : Commerce
Keywords : Cashless, Smart Phone, infrastructure, internet & networks etc
Abstract
The low literacy rates in rural India, along with the lack of infrastructure like internet access and power make things extremely difficult for people to adopt e-transaction route. The financial technology industry would be unwise to ignore the rise of mobile transaction services, person-to-person networks and the whole range of digital disruption in the payments arena from the likes of Bit coin, Apple Pay and PayPal that undoubtedly is putting pressure on cash. The present paper meets an attempt to know the awareness about smart phone and the use of smart phone in rural India. To overcome from the problem of cashless services providing in rural India.
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